Anticipating a housing market crash…
“Almost 70% of home loans in the United States have a 4% or less interest rate. Millions of people won’t want to give up those mortgages so they can take on a 7% loan. So if you think there is …
Heads Up
The sharpest signals, deepst dives and must-read reports from Citizen Watch Report.
This could actually happen… Student loan borrowers told to default “en masse”
via newsweek: Some student loan borrowers encouraged others to default on their loans “en masse” following the decision by the U.S. Supreme Court to cancel President Joe Biden’s student loan debt forgiveness plan, but one expert told Newsweek why that …
Dutch farmers, beaten by police, protest the seizure of 3,000+ farms, to make way for immigrant housing—on orders of Klaus Schwab
“Today the Netherlands, tomorrow the world!” Dutch farmers, beaten by police, protest the seizure of 3,000+ farms, to make way for immigrant housing—on orders of Klaus Schwab. While France burns, let’s all keep an eye on Holland; because what’s happening …
McDondald’s Is Collapsing Before Our Eyes
For decades, McDonald’s was the most popular fast food chain in America, a place where families and children could enjoy a meal at affordable prices. But those days are long gone. Now, the soaring cost of several menu items is …
France blocks internet access in specific neighborhoods to prevent violence.
via thegatewaypundit: The Minister of the Interior in France announced on Sunday the country will restrict internet access in “certain” neighborhoods as the violence continues across the country. According to the Ministry of the Interior, the restrictions are meant to …
Massive fire at chemical plant in Guixi, China. Million times worse than Ohio disaster.
https://twitter.com/_/status/1675116728995704835 omg this is so scary🤯 https://t.co/SQC0qP4Ne4 — 𝐞𝐧𝐚𝐲 (@ernaayyy) July 1, 2023 https://twitter.com/_/status/1675009732623450112 At around 10:30 local time, a violent explosion occurred at a chemical plant owned by qiantai new material company in the city of guixi, jiangxi province, …
Re-heating economy prevents recession; inflation raises, causing recession.
“If the economy is re heating and we are avoiding a recession then inflation will also re heat and they will raise more and we will still end up in a recession. Yes, it is that simple.” If the economy …
Personal savings drop, lowest since 2013 amid high credit card debt and interest rates.
“Personal savings have plummeted following C19 It’s now at the lowest levels since 2013 WIth credit card debt and interest rates at their highest levels, consumers now face major headwinds” Personal savings have plummeted following C19 It’s now at the …
Global economic lockdowns will occur and spread quickly.
WEF agent CEO takes over Twitter weeks before Europe begins imploding. Twitter implements new draconian policies limiting the spread of information under the guise of "protecting you from yourself." https://t.co/fT2KAvnYJr pic.twitter.com/QTkOVh7TZs — Financelot (@FinanceLancelot) July 2, 2023 “Macron embarrassed the …
People like this are even worse than the rioters. Absolutely clueless!
No wonder they are in the state they are.Pathetic. — Eleanor (@eleanorzjames) July 2, 2023 “France last night: 41 police stations attacked 79 police injured 2560 fires in streets 1360 cars burnt 234 buildings burnt 45,000 police deployed” France last …
Macron – You wanted to join BRICS. Here ya go. Riots Spread to Belgium & Switzerland
“Macron expressed interest in France joining BRICS, 2 weeks later his country burns. How long before he’s replaced with someone more favorable towards US/NATO foreign policy.” https://twitter.com/_/status/1675038562406789120 France's public debt has exceeded 3 trillion euros, having increased by 638.5 billion …
How Bad Will the Incoming Recession Be?
Photo by Howtogoto From Peter Reagan at Birch Gold Group Time to batten down the hatches, folks. That warning comes from HSBC Asset Management earlier this week. It could be a long recession, too. It’s not that surprising, once you take the highlights of …
GNATS are now SWARMING people across the country
NYC Being swarmed: Clouds of green gnats are taking over NYC. Here is what it looks like in Brooklyn right now. #nyc #gnats #bugs pic.twitter.com/wUIO5Cwl0v — Tyler Donaghy (@tylerpdonaghy) June 29, 2023 Baltimore being swarmed last week: https://www.youtube.com/watch?v=IPEakwjLwUg @slottypippen Ive …
98% of the global economy is now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages. Get ready for the next black swan event
by BoatSurfer600 via reuters: A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a closely-followed study shows. The research by …
French people defend themselves; Macron abandons them.
“French people have now begun to defend themselves. Macron has abandoned his people.” French people have now begun to defend themselves. Macron has abandoned his people. https://t.co/VvvXgXJBTq — Real News Éire (@real_eire) June 30, 2023 “The French police are probably …
Credit Suisse reported 9,000 late trades, over 500,000 inaccurate TRACE reports; only 900k fines imposed.
by Dismal-Jellyfish From Nov 2015 through at least Mar 2023, Credit Suisse reported to the Trade Reporting & Compliance Engine (TRACE) approximately 9,000 late trades, and OVER 500,000! inaccurate TRACE reports. Punishment? Censure & $900,000 fine. Inside, I attempt to …
Stock market surge deviates from reality; fund managers buy overvalued stocks to catch up. Economic indicators diverge, earnings revised upwards, similar to 2008 financial crisis.
Recent stock market surge deviates from reality, with fund managers buying overvalued stocks to catch up, pushing the market higher. https://twitter.com/MFHoz/status/1674879653008359424 Look at NAIIM, they are fully invested now. — The Macro Pulse (@TheMacroPulse) June 30, 2023 Nine months down, …
Photos reveal Michelle Obama on a luxury yacht in Greece, expressing rage and victimization after SCOTUS Affirmative Action ruling.
“BREAKING: Photos have just leaked of Michelle Obama currently vacationing on a massive private yacht on a private island in Greece This means the Obamas were rage-tweeting about being “oppressed” & “victimized” after the SCOTUS Affirmative Action ruling from THIS …
Paris is enjoying its first ever “George Floyd” moment and everything is going according to the script…
Paris is currently experiencing their first ever George Floyd effect. The festivities broke out following the police shooting of a 17-year-old named Nahel M. during a pursuit. The all-too familiar narrative appears to be unfolding quite nicely: widespread looting, raging …
US – farmer who feeds 100 locals a week has 2 acres of crops destroyed over night.
Farmer wakes up and finds entire business consisting of 2 acres of crops destroyed. Feeds at least 100 people a week and has potentially lost a revenue of $80,000-100,000 of income following working 16-20hr days. He is not happy. https://twitter.com/Agent131711/status/1674431527378370566?ref_src=twsrc%5Etfw …
The Core! US PCE Core Deflator Remains High At 4.6%, Spending Slows (Taylor Rule Suggests Fed Funds Target Rate Of 10%, Halfway To Target!!)
by confoundedinterest17 The film “The Core” was a silly film, but core inflation in the US is a serious problem for the middle class and low-wage workers. It remains elevated despite Treasury Secretary Janet “The Marxist Gnome” Yellen saying it …
AOC is mad because 70% of Harvard’s legacy applicants are White… According to the US Census Bureau 75% of the population is white.
If SCOTUS was serious about their ludicrous “colorblindness” claims, they would have abolished legacy admissions, aka affirmative action for the privileged. 70% of Harvard’s legacy applicants are white. SCOTUS didn’t touch that – which would have impacted them and their …
We know that an all-out U.S.-Russia nuclear war would be bad. But how bad, exactly?
We know that an all-out U.S.-Russia nuclear war would be bad. But how bad, exactly? How do your chances of surviving the explosions, radiation, and nuclear winter depend on where you live? The past year’s unprecedented nuclear saber-rattling and last …
Tight monetary policy has significantly deteriorated the housing market. Stronger than expected GDP. Rate hike odds now 90%, market’s about to explode.
Tight monetary policy has significantly deteriorated the housing market % of houses featuring price cuts reached record levels in 2022 Even though the % has reduced since, it's still historically very elevated pic.twitter.com/lnrApBVay0 — Bravos Research (@bravosresearch) June 29, 2023 …
Consumer borrowing is increasing at an unprecedented rate…Using credit to chase inflation
Loan-to-deposit ratio has seen the sharpest rise since the 1990s This is the result of consumer borrowing increasing at an unprecedented pace pic.twitter.com/gKl61K9iQN — Bravos Research (@bravosresearch) June 29, 2023 “We’re in an inflationary debt bubble, meaning that consumers are …
Fed tripled their MBS sales over the last week to $15B.
by laflammaster Selling off their MBS at triple the rate and the house value dropping for the first time since 2011. This could be the start of the sell off.
The two-year yield spiked by 18 basis points to 4.89% at the moment, the highest since the last trading day before the official beginning of the banking crisis
Source: wolf street shit. the risk premium keeps widening up. mean revision will eventually occur — VISK (@KevinDu923534) June 29, 2023 h/t BoatSurfer600
Financial censorship: 8 banks have denied Nigel Farage’s application application for a personal and business account
by BoatSurfer600 via mediaite Former UKIP leader Nigel Farage may leave the United Kingdom after claiming his bank accounts were closed over his role in Brexit. In a six-minute video posted on his Twitter account, Farage claimed he was the victim of …
Big brother is watching you: The FBI’s Biometrics Database Hits Over 2.5 Million Iris ID Records
Big brother is watching you, if not you then your “smart” device. The FBI’s Next Generation Identification (NGI) Iris Service, combining Iris ID technology, has amassed 2.5 million identities and is growing rapidly, raising concerns about privacy and misuse of …
Putin reveals signed peace treaty that Zelensky reneged on after Russia started to withdraw on April 2021
“Unbelievable! Putin reveals signed peace treaty that Zelensky reneged on after Russia started to withdraw. How many hundreds of billions and hundreds of thousands of lives have been lost needlessly? #Canada and #USA need to immediately uphold the Treaty and …